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Questions & Answers (FAQ)

The categories of Frequently Asked Questions (FAQs) can be found to the right. Simply click on one of the questions below or a category to the right.
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How are contributions treated for owners and shareholders of S corps?
Last Update : 12 September, 2007 

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Owners and officers with greater than 2% share of a Subchapter S corporation cannot make pre-tax contributions to their HSAs through the company by salary reduction.  In addition, any contributions made to their HSAs by the corporation are taxable as income.  However, they can make their own personal contributions to their HSAs and take the "above-the-line" deduction on their personal income taxes.

(source: U.S. Department of Treasury, Office of Public Affairs)

Individual & Family Health Plans from Assurant Health offered with and without HSAs:

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• I'm active-duty military and have Tricare coverage, can I have an HSA?
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Latest Added FAQs

• How are contributions treated for partners in a partnership or limited liability company (LLC)?

   Partners in a partnership or LLC cannot make pre-tax contributions to their HSAs through the partner...

• How are contributions treated for owners and shareholders of S corps?

   Owners and officers with greater than 2% share of a Subchapter S corporation cannot make pre-tax con...

• I don't offer health insurance, but some of my employees have opened HSAs and I'd like to help them out, what can I do?

   Your company can make pre-tax contributions to your employees'' HSAs as long as you do so for all el...

• Our company wants to offer "matching" contributions, can we do that?

   Yes, but your company can only offer "matching" contributions through a Section 125 plan.&...

• Our company offers benefits through a Section 125 plan, do contributions have to be comparable under these plans as well?

   Section 125 plans (also known as "salary reduction" or "cafeteria" plans) must m...


Most Popular Questions

• Does the HDHP policy have to be in my name to open an HSA?
   No, the policy does not have to be in your name.  As long as you have coverage under the HDHP policy, you can be eligible for an HSA (assuming yo...

• What is a Health Savings Account ("HSA")?
   A Health Savings Account is an alternative to traditional health insurance; it is a savings product that offers a different way for consumers to pay f...

• What Is a "High Deductible Health Plan" (HDHP)?
   You must have an HDHP if you want to open an HSA. Sometimes referred to as a “catastrophic” health insurance plan, an HDHP is an inexpensi...

• I don't have health insurance, can I get an HSA?
   You cannot establish and contribute to an HSA unless you have coverage under a High Deductible Health Plan (HDHP). (source: U.S. Department of Treasu...

• Can I use my HSA to pay for medical expenses incurred before I set up my account?

   No.  You cannot reimburse qualified medical expenses incurred before your account is established.  We recommend you establish your account a...




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